I have a good business idea what are some good ways to fundraise without having to get a loan from the bank etc.
2007-06-23 19:44:33 · 3 answers · asked by Tracy H 1 in Business & Finance ➔ Personal Finance
I just got home from a benefit concert and their was probably 400 people their and 10 dollars a ticket. Thats not bad money plus they sold raffle ticket their and food.
2007-06-23 19:49:10 · answer #1 · answered by big t daddy 3 · 0⤊ 0⤋
If the amount you need is significant enough to start a business, you need to seek out private investors. Fundraising I tend to think about car washes and selling candy. This is the time that you need to start networking, writing a business plan first and proposal, so you have something substantive to show a possible investor. Investors come in all forms from CEO's to well to do grandparents. You cannot approach people for money with just an idea, they need to see your prospectus. There are lots of books on how to write a business plan. Use the Internet to research sample business plans.
2007-06-24 02:53:22 · answer #2 · answered by Inquisitive 4 · 0⤊ 0⤋
Refinancing your home.
Borrowing from people who believe in your business expertise.
Selling your investments
Buying an existing business getting the old owner to carry back a loan on part of the sales price.
Getting future customers to prepay for their orders and using that money to fund your purchases for them.
Saving from your other income until you have enough without borrowing.
Getting partners, if you get experts in your field they might even be able to do some of the work.
Buying your business equipment on contracts so you finance almost everything.
2007-06-24 03:04:17 · answer #3 · answered by shipwreck 7 · 0⤊ 0⤋